The world's largest listed and UK-based hedge fund firm Man Group has reported that its assets under management rose 10% in the first quarter of this year, helped by positive market moves and recent acquisition.

Luke Ellis, chief executive officer of Man Group, said in a statement, "The first quarter of 2017 has been a strong period for Man Group, with funds under management increasing by 10% to $88.7 billion and growth in each of our investment engines. We came into the year with a good pipeline of interest from clients, and that has resulted in net inflows of $3.0 billion in the first three months. Investment performance increased FUM by $2.2 billion for the quarter and the completion of the Aalto acquisition added a further $1.8 billion."

Net inflows in the first quarter amounted to $3.0 billion, driven by strong inflows into discretionary long only and fund of fund alternatives. Ellis also reported a positive investment movement of $2.2 billion in the first three months of 2017.

The weakening of the U.S. dollar against the Japanese yen, Australian dollar, and euro helped to drive positive FX movements of $0.8 billion.

Ellis added, "Looking forward, the global environment has the potential to create alpha opportunities and we see continuing near-term interest from cl......................